Topical Drug Delivery Market Report 2022: High Frequency of Skin and Soft Tissue Infections Driving Growth - ResearchAndMarkets.com
The "Topical Drug Delivery Market Analysis by Product, by Route of Administration, by Facility of Use, and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering
DUBLIN--(BUSINESS WIRE)--Sep 22, 2022--
The "Topical Drug Delivery Market Analysis by Product, by Route of Administration, by Facility of Use, and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The topical drug delivery market size is estimated to be USD 229.7 billion in 2021 and is expected to witness a CAGR of 11.51% during the forecast period 2022-2029. The high frequency of skin and soft tissue infections, rising prevalence of eye disorders and burns, are some of the key drivers for the market growth.
Additionally, the rising funding from the government organizations pharmaceutical research and growing healthcare infrastructure in developing economies is projected to drive the market growth in near future. However, presence of alternate drug delivery mechanisms such as oral and injectable methods are expected to restrain the market growth.
